Australian mining takes winners’ podium for exports
Minerals Council of Australia chief executive officer Tania Constable said the figures for the full financial year showed the extraordinary magnitude and resilience of Australia’s mining exports.
“The mining industry has generated a new record high of almost $300 billion in export revenue for the Australian economy,” she said.
“As Australians cheer on our sporting champions at the Tokyo Olympics, they should be equally proud of our great mining workforce and the regional communities which continue to support the Australian minerals industry in breaking export records and meeting global demand for our world-class commodities.”
The array of new records set include:
- Record resources exports of $299.6 billion (including minerals, coal, metals, oil and gas)
- A record high trade surplus of $89 billion
- The highest ever share of export revenue contributed by resources (66 per cent)
- Record iron ore exports of $151.9 billion, 33 per cent of total export revenue
- Record gold exports of $28.4 billion
- Record copper exports of $11.5 billion.
“While metropolitan lockdowns continue to affect our economic growth, Australia’s regional industries like mining are keeping the nation strong and helping to fund the support required for individuals and businesses to get through the COVID-19 pandemic,” Ms Constable said.
“When mining is strong, Australia wins.”
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